According to a report released by Counterpoint Research, global smartphone shipments may drop 2.1% next year due to the shortage of memory chips driving up costs and reducing production capacity. This is in stark contrast to the 3.3% increase in shipments estimated this year. The research institute had previously predicted a slight increase of 0.45% next year. The agency pointed out in a research report released on Tuesday that due to the 10% to 25% increase in the overall cost of electronic components, the average global smartphone sales price will rise 6.9% next year.

According to a report released by Counterpoint Research, global smartphone shipments may drop 2.1% next year due to the shortage of memory chips driving up costs and reducing production capacity. This is in stark contrast to the 3.3% increase in shipments estimated this year. The research institute had previously predicted a slight increase of 0.45% next year. The agency pointed out in a research report released on Tuesday that due to the 10% to 25% increase in the overall cost of electronic components, the average global smartphone sales price will rise 6.9% next year.